If the US dollar and Japan hit 155, the Bank of Ja

Aihucha reported on September 28: Japan’s former top foreign exchange official Eisuke Sakakibara said that if the U.S.-Japanese currency rises above 150, the Japanese government may intervene in the foreign exchange market again. If it rises above 155, officials may be worried. "No matter what others say, the exchange rate level is quite important," Kanbara said. "So if the exchange rate goes above 150, it could lead to some kind of intervention." "I can't be sure of a specific number, it depends on the situation at the time, but if it reaches a level like 155, they will start to worry," Kanbara said. Kanbara oversaw more than a dozen interventions while serving as deputy finance minister for international affairs from 1997 to 1999. He is known as "Mr. Yen" due to his past influence on the Yen. Kanbaru also added that if the government is forced to intervene in the market, it may have to invest similar or more funds. Japan spent more than $60 billion on three interventions last year before the U.S. and Japan reached levels of 146 and 152. He also said that if no action is taken, the United States and Japan may approach the 160 mark, but will not exceed this level.